Samsung Electronics Display (M) Sdn.bhd. SWIFT/BIC code

What SECTMY21 means for a payment to Samsung Electronics Display (M) Sdn.bhd.

Whether you are given SECTMY21 or SECTMY21XXX, you are looking at the identical address for Samsung Electronics Display (M) Sdn.bhd. in Malaysia. The code does one job: it ensures that money from abroad ends up at the right bank. In daily life you usually see it on invoices from abroad, in payment forms and on the account details of Samsung Electronics Display (M) Sdn.bhd. customers.

Below you will find the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. A SWIFT code identifies a bank or branch, never a specific account, which is why you always need the account number too.

Verifying the SWIFT code of Samsung Electronics Display (M) Sdn.bhd.

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against SECTMY21 on this page.

Mistakes in the BIC are costly rather than fatal: often the payment comes back, minus fees. An error in the IBAN or account number is more serious because it can reach the wrong person, so check that just as carefully.

A validity check by your bank merely tells you that the code exists, not that it is the right account. More and more banks compare the name against the account before you confirm. When you pay someone new, some people send a small amount first before sending the rest.

A note on our data

Our SWIFT/BIC directory draws on public sources and we update it periodically. It is possible that a code on this page is out of date. The figures we show are based on what is in our directory, not official figures from Samsung Electronics Display (M) Sdn.bhd..

See our directory here as a handy check, and let the details from the recipient or Samsung Electronics Display (M) Sdn.bhd. have the final say. GoldexPay is not affiliated with Samsung Electronics Display (M) Sdn.bhd.; we are a comparison site for money transfers. If you notice a mistake, we appreciate a short note.

Which of the 4 codes of Samsung Electronics Display (M) Sdn.bhd. do you need?

Samsung Electronics Display (M) Sdn.bhd. has 4 separate SWIFT/BIC codes across 3 locations. Only one is the head office code; the others identify branches or departments, and sometimes specific services.

Usually there is no need to look up a branch: transfers sent to SECTMY21XXX reach Samsung Electronics Display (M) Sdn.bhd. correctly. When you receive a specific code, use it as it is rather than swapping it for the head office code.

Not sure which code to use? Ask the recipient. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

Protect yourself against fake payment requests

Be alert when a contact unexpectedly wants you to send money to a different account abroad. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Verify changed payment details via a different channel, such as a phone number you already know, not by replying to the message. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them try to recall the payment; also report it to the police.

Fraud also work the other way: someone sends more than agreed and wants you to refund the extra via a different route. A screenshot of a transfer is no proof.

8 or 11 characters: SECTMY21 versus SECTMY21XXX

Each SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. The result is SECTMY21, the short form of the code.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why SECTMY21XXX and SECTMY21 lead to the same place.

Do not add spaces, dots when you type SECTMY21. A single character may route the money to another bank, so check it twice.

How long does an international transfer to Samsung Electronics Display (M) Sdn.bhd. take?

How quickly a payment reaches Samsung Electronics Display (M) Sdn.bhd. depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Occasionally a bank asks what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank for the status or the UETR; with that reference banks can see where the payment is. Save the payment confirmation; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace. As a recipient, it helps to check your statements for a partial amount.

Getting paid from abroad into a Samsung Electronics Display (M) Sdn.bhd. account

If you are waiting for money from abroad, send the payer everything they need in one go. The basics are: your name, IBAN or account number, SECTMY21XXX or SECTMY21 and, for some countries, your home address.

The sender’s bank might request the bank address of Samsung Electronics Display (M) Sdn.bhd., in which case the Seremban, Negri Sembilan head office is the usual answer. Check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is below what the sender paid. Fees for incoming transfers differ from bank to bank – the price list of Samsung Electronics Display (M) Sdn.bhd. tells you what applies. Make clear with the sender who pays which costs, especially for larger amounts.

Paying someone abroad from your Samsung Electronics Display (M) Sdn.bhd. account

When you transfer money to another country through Samsung Electronics Display (M) Sdn.bhd., the fee you see is rarely all of the cost. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

Most of the cost usually sits in the exchange rate: the bank converts at a rate that includes a margin. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialist money transfer services often use rates closer to the mid-market rate with clearer fees. Next time you send money, it is worth to compare what arrives via GoldexPay instead of going straight to your bank. Choosing a specialist does not require closing your account at Samsung Electronics Display (M) Sdn.bhd..